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Jan 29, 2013
01/13
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we need to raise the debt ceiling and stop playing politics with this, but let the house of representatives get moving on the issues that affect everyday americans. that's all about jobs, that's all about this economic recovery. madam president, i suggest the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: mr. brown: madam president? the presiding officer: yes, the senator from ohio. mr. brown: i ask unanimous consent to dispense with the quorum. the presiding officer: without objection. for the senate, the letter of resignation of senator john f. kerry of massachusetts, effective friday, february 1, at 4:00 p.m. without objection, the letter is deemed read and spread upon the journal. mr. brown: madam president, i ask unanimous consent the judiciary committee be discharged from further consideration of s. res. 14 and the senate proceed to its consideration. the presiding officer: the clerk will report. the clerk: s. res. 14, raising awareness and encouraging prevention of stalking by designating january, 2013, as national stalking awareness month. the
we need to raise the debt ceiling and stop playing politics with this, but let the house of representatives get moving on the issues that affect everyday americans. that's all about jobs, that's all about this economic recovery. madam president, i suggest the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: mr. brown: madam president? the presiding officer: yes, the senator from ohio. mr. brown: i ask unanimous consent to dispense with the quorum. the...
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Jan 20, 2013
01/13
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let us raise the debt ceiling. no strings attached. and if the president can raise it as he should be able to and if congress wants to reject it 2/3. the mcconnell proposal is a good republican proposal. i hope you support it. that's the way to go. >> a bill that says regardless of what happens with the debt ceiling, the united states will never default on the debt, would you support that or not? >> i support the concept. i'd have to look at the bill. the best way to do that is the mcconnell act. >> we may have just made news. >>> last week, general colin powell was here worried about a dark vein of intolerance in republican quarters. you are part of a stream of new faces in the republican party, minority faces and voices in the party that seem to stand against that. how did you respond to it? >> well, i saw that interview. i respect general powell a great deal. i was disappointed with those comments. i think he was buying into some of the partisan attacks. if you look at this last election, for example, i think the most racially divis
let us raise the debt ceiling. no strings attached. and if the president can raise it as he should be able to and if congress wants to reject it 2/3. the mcconnell proposal is a good republican proposal. i hope you support it. that's the way to go. >> a bill that says regardless of what happens with the debt ceiling, the united states will never default on the debt, would you support that or not? >> i support the concept. i'd have to look at the bill. the best way to do that is the...
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Oct 12, 2013
10/13
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CNN
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the point harry reid is making is that we want to see the government reopened, the debt ceiling raised and we'll rather than members of congress simply doing their jobs. so that's the issue here. we'll hear from senator collins, but right now it's not at all clear what will happen next, especially because you have members of the house headed home, not due back ats
the point harry reid is making is that we want to see the government reopened, the debt ceiling raised and we'll rather than members of congress simply doing their jobs. so that's the issue here. we'll hear from senator collins, but right now it's not at all clear what will happen next, especially because you have members of the house headed home, not due back ats
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Oct 12, 2013
10/13
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the point harry reid is making is that we want to see the government reopened, the debt ceiling raised and we'll rather than members of congress simply doing their jobs. so that's the issue here. we'll hear from senator collins, but right now it's not at all clear what will happen next, especially because you have members of the house headed home, not due back at this point until monday night. the senate is also in recess. that could change, but right now at least as a body, it doesn't look like they're working very hard. >>> very, very high stakes. athena jones, thank you very much. >> thanks. >>> for those of you just joining us, senate democrats justhood a news conference on the negotiations and the shutdown on the debt ceiling. senate majority leader reid said there is a long way to go with fiscal talks with rep leader mitch mcconnell. >>> he also said the government must be able to pay its bills. let's bring you up to speed with what's happening today. the senate defeated a procedure move by majority democrats to bring up a clean debt limit bill. the vote was 53-45. the white hous
the point harry reid is making is that we want to see the government reopened, the debt ceiling raised and we'll rather than members of congress simply doing their jobs. so that's the issue here. we'll hear from senator collins, but right now it's not at all clear what will happen next, especially because you have members of the house headed home, not due back at this point until monday night. the senate is also in recess. that could change, but right now at least as a body, it doesn't look...
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Dec 22, 2013
12/13
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are they going to manage concessions before raising the debt ceiling? >> i guess i can't really speak for republicans. my thoughts are if the american people don't believe we have a debt ceiling because we always increase it, and they don't believe we have the discipline in washington. there is a positive out of what happened last week, is, yeah, we can come together and agree. what, david, i would say to you is the reason we're in trouble on deficits and debts is not because we didn't agree but because we did. we agreed to spend $740 billion we didn't have last year. we agreed to waste $30 billion as i put out the waste book in year. we agreed to continue to let medicare have $80 billion a year in fraud in it. we're going to have $80 billion a year in fraud in obamacare. we agreed to all those things. so the story coming out of washington that we don't get along, i would dispute that. we get along just fine with the status quo of the government being ineffective and inefficient. so we pass a bill that raises spending and raises taxes and denies what we
are they going to manage concessions before raising the debt ceiling? >> i guess i can't really speak for republicans. my thoughts are if the american people don't believe we have a debt ceiling because we always increase it, and they don't believe we have the discipline in washington. there is a positive out of what happened last week, is, yeah, we can come together and agree. what, david, i would say to you is the reason we're in trouble on deficits and debts is not because we didn't...
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Jan 15, 2013
01/13
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not raising the debt ceiling. then this morning former house speaker newt gingrich weighed in saying the gop congress is coming out a loser. >> it's a threat they can't sustain. no one is going to default. no one is going to allow the united states to not pay its bills. no one is going to accept the economic costs. it rallies the entire business community to the president's side. i don't think we should pick fights where we are in a position where we can't in fact in the end enforce our will. we have no evident that barack obama is going to compromise. >> sir, you voted for the deal, but you have also said you wouldn't vote to raise the debt ceiling. are you still firm on that? congressman yoho, can you hear me? >> yeah, go ahead. >> i was saying, yeah, you have said that you will not vote to raise the debt ceiling, however you did vote for the fiscal cliff deal. do you still stand firm on the debt ceiling position? >> we, no, sir, i didn't vote for the fiscal cliff deal. i wasn't sworn in yet. but it's like we've
not raising the debt ceiling. then this morning former house speaker newt gingrich weighed in saying the gop congress is coming out a loser. >> it's a threat they can't sustain. no one is going to default. no one is going to allow the united states to not pay its bills. no one is going to accept the economic costs. it rallies the entire business community to the president's side. i don't think we should pick fights where we are in a position where we can't in fact in the end enforce our...
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Jan 14, 2013
01/13
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the debt ceiling, 60% plus of americans will say don't raise the debt ceiling. we have a big educational hurdle among the american people and i think also among some members of congress. there is no space in the law for a president to do this with the 14th amendment. they have made that clear repeatedly. and i think, you know, harry reid and some members of the senate are looking to be bailed out by the president here. i think what you're going hear from the president rightly is i think he's going to tell congress, i think he's going to tell both houses of congress i await your bill. you created this problem, work together and come up with a solution and send it to me that raises the debt ceiling that does not allow the country to fall into default. >> margie, another thing he's going to talk about i presume later today at 11:15 is vice president biden who is going to present the recommendations from his gwen gun task force tomorrow. but there are also some things that's been suggested that he can do independently as president, new importation on weapons and tou
the debt ceiling, 60% plus of americans will say don't raise the debt ceiling. we have a big educational hurdle among the american people and i think also among some members of congress. there is no space in the law for a president to do this with the 14th amendment. they have made that clear repeatedly. and i think, you know, harry reid and some members of the senate are looking to be bailed out by the president here. i think what you're going hear from the president rightly is i think he's...
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Sep 20, 2013
09/13
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>> john, who has the power to raise the debt ceiling? >> well -- >> who has the power to raise the debt ceiling? >> the congress -- >> who has the power to raise the debt ceiling. >> -- have put forward a plan. call it ridiculous or whatever, but they have a plan -- >> congress has the power to raise the debt ceiling. >> republicans have no interest in defaulting on debt. we want to find a way to pay it off. >> this is playing with fire. legislative arsonists are at work when they start using the debt limit. >> it sounds like chuck schumer has been playing too many violent vid owe games. >> obamacare is dead, dead. a waste of time, as i said before. >> obamacare is driving up the cost of health care. destroying american jobs. >> it is a train wreck. house republicans have showed the courage they are showing now that they continue to stand up. the house is the one branch of government they have a majority. >> speaker boehner even re-elised a web video blasting president obama for negotiating with the russian president but not his own cong
>> john, who has the power to raise the debt ceiling? >> well -- >> who has the power to raise the debt ceiling? >> the congress -- >> who has the power to raise the debt ceiling. >> -- have put forward a plan. call it ridiculous or whatever, but they have a plan -- >> congress has the power to raise the debt ceiling. >> republicans have no interest in defaulting on debt. we want to find a way to pay it off. >> this is playing with fire....
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we could say we're shutting down the government, we're not going to raise the debt ceiling, until you pass immigration reform. >> i know you believe, senator, that the speaker is going to blink, that the house republicans are going to blink. >> i do. >> if they do not, what happens on october 17th? is it preferable to have the default than the negotiations? >> the negotiation you have is one with a gun held to your head. it will lead to a future negotiation like that and a future one. if you go for this hostage-taking once, and the president did in 2011, it doesn't go away. it comes back worse and worse and worse. and the whole full faith and credit in the united states currency and the united states dollar, goes down the drain. it's the damage that's far greater than the damage that speaker boehner seeks so undo by somewhat reducing the budget deficit. and we're willing to talk to him about budget deficit. leader reid already gave him his budget number when we talked about the resolution funding the government. we gave him his number. and then, he said obama care. he keeps throwing d
we could say we're shutting down the government, we're not going to raise the debt ceiling, until you pass immigration reform. >> i know you believe, senator, that the speaker is going to blink, that the house republicans are going to blink. >> i do. >> if they do not, what happens on october 17th? is it preferable to have the default than the negotiations? >> the negotiation you have is one with a gun held to your head. it will lead to a future negotiation like that and...
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Oct 17, 2013
10/13
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the government will reopen, the debt ceiling raised, only a small sort of concession on obama care has to do with income verifications. >> let me cut in, kristin, because i believe the fine vote may be tallied, pat leahy, i do believe we have a vote. >> without objection, the motion is agreed to. under the previous order, the senate will proceed to the consideration, resolution 25, which the clerk will report. >> calendar number 33. >> harry reid, speaking to reporters right now. >> the shutdown has hurt our economy to a significant degree. but we were able to work it out, so we're here and no need to have anymore losses. we have been able to come together for a lot of different reasons. i appreciate the work of a number of senators. but i think one of the most important things that we have been able to do is get senator mcconnell and i together. i'm grateful that mr. alexander, being the peace maker he is, suggested they start to do what they could to engage senator mcconnell and i. and as a result of that, i think we were able to talk and hopefully develop a strong relationship. sena
the government will reopen, the debt ceiling raised, only a small sort of concession on obama care has to do with income verifications. >> let me cut in, kristin, because i believe the fine vote may be tallied, pat leahy, i do believe we have a vote. >> without objection, the motion is agreed to. under the previous order, the senate will proceed to the consideration, resolution 25, which the clerk will report. >> calendar number 33. >> harry reid, speaking to reporters...
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Sep 20, 2013
09/13
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for a raise in the debt ceiling did not have leadership. he attempted to stop the iraq war by leading the effort against raising the debt ceiling. he was supported in that effort by senator schumer we just saw a few moments ago. when we get lectured -- when the american people get lectured by the president on why we should raise the debt ceiling without any offsets on spending or get lectured by senator schumer how it's wrong to not raise the debt ceiling, just remember they were on the opposite side of this not too long ago. >> in the last day or so, president obama referred it to as extortion by congress. i guess in 2006 when he was doing the same thing, it wasn't extortion, it was something else. >> i have to defend him on this. he was not trying to extort. he was trying to end the war. republicans are trying to say, yes, mr. president, we will give you the debt ceiling increase but we want you to give us and the american people something in return. what they're asking for is a dollar for dollar offset. if you're going to raise the debt
for a raise in the debt ceiling did not have leadership. he attempted to stop the iraq war by leading the effort against raising the debt ceiling. he was supported in that effort by senator schumer we just saw a few moments ago. when we get lectured -- when the american people get lectured by the president on why we should raise the debt ceiling without any offsets on spending or get lectured by senator schumer how it's wrong to not raise the debt ceiling, just remember they were on the...
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Oct 11, 2013
10/13
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in your view, would failing to raise the debt ceiling make our debt and deficit situation better or worse? >> well, it doesn't do anything good. i mean, if the cost of borrowing goes up, it raises our expenditures, it doesn't reduce them. >> and if the cost of borrowing went up just 1 percent or 2 percent, we're at historically low interest rates, what would that cost us? >> you know, i would have to go back and do the numbers exactly to give you an answer. but, you know, these are -- we're talking billions of dollars, we are not talking about small numbers. >> so i think it's -- i mean, it's very clear, and ronald reagan shared this view. you quoted him earlier that this would just make matters worse. >> yes, it -- unless we were to do something unthinkable and say, we'll never pay those bills. you've got to pay the bills or then you're going to be borrowing money at a higher interest rate, so it only costs. >> which means that our interest costs are just going to continue to go up and our ability to do things like respond to the floods in colorado or be able educate our kids will be dim
in your view, would failing to raise the debt ceiling make our debt and deficit situation better or worse? >> well, it doesn't do anything good. i mean, if the cost of borrowing goes up, it raises our expenditures, it doesn't reduce them. >> and if the cost of borrowing went up just 1 percent or 2 percent, we're at historically low interest rates, what would that cost us? >> you know, i would have to go back and do the numbers exactly to give you an answer. but, you know,...
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Jan 29, 2013
01/13
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to raising the debt ceiling ♪ ♪ the president is having a hard time getting enough ♪ ♪ seems the gop ain't rubbing him the right way ♪ ♪ especially with the country's $16.4 trillion in debt. ♪ ♪ we're still in debt, but it's all right ♪ ♪ the united states really couldn't get any broker ♪ ♪ got to liquidate its assets just like al roker ♪ >> sometimes you feel bad for brian. last week, many criticized the military's decision to allow women to fight in combat roles. jon stewart explains the logic. >> there are certain facts ability upper body streng. 6'4", 240 pound marine and you are injured and you need the marine next to you to carry you back to safety and she weighs 115 pounds. it's irrelevant. we can't have women in combat because they are tiny. they are too delicate. they are little. they are wee little hands. they can barely -- have you ever seen them eat, they pick up a dinner roll. tiny sharp teeth, wait a minute, i'm thinking of mice. mice should not be serving in the military no matter how adorable they might be. sergeant whiskers, i can't nape on you. a t
to raising the debt ceiling ♪ ♪ the president is having a hard time getting enough ♪ ♪ seems the gop ain't rubbing him the right way ♪ ♪ especially with the country's $16.4 trillion in debt. ♪ ♪ we're still in debt, but it's all right ♪ ♪ the united states really couldn't get any broker ♪ ♪ got to liquidate its assets just like al roker ♪ >> sometimes you feel bad for brian. last week, many criticized the military's decision to allow women to fight in combat...
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Oct 11, 2013
10/13
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the debt ceiling. after ward heir reid spoke with reporters at the white house. and you'll hear reaction from earthquake cantor. >> i introduced the president by telling my caucus how proud i was of them and how proud i was of the president for the strength and unity we've shown. after an hour and 45 minutes with him today i feel the same way. we are here. the government should be opened. now we should be able to pay our dets and as we said and will continue to say, we if that happens will negotiate on anything. and the president confirmed that today. >> [inaudible] . >> the house has a unique form of legislating hour by hour. i don't know what has happened in the two hours i've been gone. but this morning there were floated to the press three different proposals. let's wait and see what the house does. when they send us something we'll look at it as clearly and closely as we can under the same determination we've made. open the government. here is so much puffer out there. -- pain and suffering out th
the debt ceiling. after ward heir reid spoke with reporters at the white house. and you'll hear reaction from earthquake cantor. >> i introduced the president by telling my caucus how proud i was of them and how proud i was of the president for the strength and unity we've shown. after an hour and 45 minutes with him today i feel the same way. we are here. the government should be opened. now we should be able to pay our dets and as we said and will continue to say, we if that happens...
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Oct 11, 2013
10/13
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economy needs now is a fight over whether we raise the debt ceiling. not when we face serious challenges both the mystically and internationally that require full attention, and not when we know the kind of damage the financial and economic crisis can cause. thank you, and i look forward to answering your questions. >> i would like to focus a little bit on the concept that some suggest is the way out of this problem, and some suggest is feasible. and i disagree with, called prioritization. can you just briefly tell us what is the decision you would have to make as treasury assuming interest was paid on ?he debt i know you cannot tell us which ones, nor should you tell us him a social security, medicare, military, farm program, what not, but to go through the process, described with the actual legal and administrative problems and consequences would thatnd include how much would be, my understanding it is 70-80% of the programs could be paid, and what effect it would have on the gross to mystic product. ,alk us through prioritization please. dash on the
economy needs now is a fight over whether we raise the debt ceiling. not when we face serious challenges both the mystically and internationally that require full attention, and not when we know the kind of damage the financial and economic crisis can cause. thank you, and i look forward to answering your questions. >> i would like to focus a little bit on the concept that some suggest is the way out of this problem, and some suggest is feasible. and i disagree with, called...
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Oct 13, 2013
10/13
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point if we don't raise the debt ceiling, it will become disruptive. ongoing tax revenue is only about 85% of all the money this government intends to spend in the coming fiscal year. get 85% of everything we intend to spend and tax revenue, the shortfall would have to be covered by borrowing or else we would not be able to pay everything in full and on time. that would be disruptive. but the greatest disruption by far would occur if you were to choose to not pay interest on our debt. senator cantwell made a very compelling argument about the role treasuries play in the world. my question to you, mr. secretary, as secretary of the treasury, are you prepared to and portly the millions of americans who are investors in u.s. treasuries securities and the entire american economy, that under no circumstances will you permit a missed payment on a u.s. treasury security obligation? >> the only way to make sure we pay all of our obligations as for congress to act and raise the debt limit. no president has ever had to decide whether to pay some bills and not ot
point if we don't raise the debt ceiling, it will become disruptive. ongoing tax revenue is only about 85% of all the money this government intends to spend in the coming fiscal year. get 85% of everything we intend to spend and tax revenue, the shortfall would have to be covered by borrowing or else we would not be able to pay everything in full and on time. that would be disruptive. but the greatest disruption by far would occur if you were to choose to not pay interest on our debt. senator...
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Oct 13, 2013
10/13
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why all this talk about raising the debt ceiling? i don't have the luxury of reason mike debt ceiling so we have to cut back on our spending. why no talk about cutting back on spending he e we have a president who said it was immoral on principle to raise the debt ceiling. that is after $6 trillion of added debt. that is all he talks about. i just do not understand why no cutting back on spending. pages one to continue to spend. like the gentleman from california said, we are heading to a major test the something is not done. front page of "cq weekly" talks about the debt deadline -- just to read you a little bit of that article in this week's "cq weekly" -- anthony is on the republican line. i am wondering if mandatory spending is the same as the law that was passed in years ago which any federal agency that provides funds has to spend their entire funds for the year to receive the 10% the following year. is that what the republicans in congress are trying to cut back on so this debt is not floated out of the water, which i feel tha
why all this talk about raising the debt ceiling? i don't have the luxury of reason mike debt ceiling so we have to cut back on our spending. why no talk about cutting back on spending he e we have a president who said it was immoral on principle to raise the debt ceiling. that is after $6 trillion of added debt. that is all he talks about. i just do not understand why no cutting back on spending. pages one to continue to spend. like the gentleman from california said, we are heading to a major...
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Oct 9, 2013
10/13
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byy raise the debt ceiling under ronald reagan we raise the debt ceiling 18 times. yet for a thank you note from ronald reagan. tip supported ronald reagan in a tax increase one year after his reagan revolution because it was hemorrhaging red ink. he needed a tax increase. he got it. they save social security for another generation in that compromise and it worked out. he worked together on a lot of policy issues. this relentless opposition to the president hurts the country. we have a loyal opposition that is healthy, but i commend the example of tip o'neill and ronald reagan. two very different ideological tents. but they came together because they understood how important it was. -- it is not as if he is -- [laughter] play.treet has able to i think the business community has a role to play. people who the republican caucus have respect for. i know that they are waiting in. tune orlly need to fine republican caucus if they have not started it already. maybe their constituents want their rates to go up on the home mortgage. maybe the one interest rates to go up to
byy raise the debt ceiling under ronald reagan we raise the debt ceiling 18 times. yet for a thank you note from ronald reagan. tip supported ronald reagan in a tax increase one year after his reagan revolution because it was hemorrhaging red ink. he needed a tax increase. he got it. they save social security for another generation in that compromise and it worked out. he worked together on a lot of policy issues. this relentless opposition to the president hurts the country. we have a loyal...
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Jan 1, 2013
01/13
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it will take an act of congress to raise the debt ceiling. that's what we're looking at in the short term, whether the republicans can get this passed out of the house of representatives tomorrow or the following day, and two months down the line, because the deal they struck tonight, milissa, carries the seeds of further confrontation, bigger confrontation, one more thing, joe biden when he left the meeting stopped by the pool camera outside the senate chamber and said it will be a tough vote. never predict how the senate or house will vote. he asked what was his selling point to democrats? and his one word answer? me. milissa. >> let's go back to what you were saying earlier if we could. you were talking about the relationship in this deal with between john boehner and mitch mcconnell. much has been said about -- john boehner between a rock and a hard place in all of this. >> a very tough spot. >> could you expand on that a little bit? >> sure. it was very clear after the election -- remember, the day after the election, john boehner appear
it will take an act of congress to raise the debt ceiling. that's what we're looking at in the short term, whether the republicans can get this passed out of the house of representatives tomorrow or the following day, and two months down the line, because the deal they struck tonight, milissa, carries the seeds of further confrontation, bigger confrontation, one more thing, joe biden when he left the meeting stopped by the pool camera outside the senate chamber and said it will be a tough vote....
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Jan 14, 2013
01/13
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raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have party been racked up, and we need to pay them. so while i am willing to compromise and find common ground for how to reduce the deficits, america cannot afford another debate with this congress about whether or not they should pay the bills they have already racked up. if congressional republicans refuse to pay america's bills on time, social security checks, veterans benefits will be delayed. we might not be able to pay our troops or honor our contracts with small-business owners. food inspectors, air traffic controllers, specialists who track down loose nuclear materials would not get their paychecks. investors around the world will ask if the united states of america is in fact a safe bet. markets could go haywire. interest rates would spike for anyone who borrowed money. every homeowner with a mortgage, every student with the business -- every student with the student
raising the debt ceiling does not authorize more spending. it simply allows the country to pay for spending that congress has already committed to. these are bills that have party been racked up, and we need to pay them. so while i am willing to compromise and find common ground for how to reduce the deficits, america cannot afford another debate with this congress about whether or not they should pay the bills they have already racked up. if congressional republicans refuse to pay america's...
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Oct 13, 2013
10/13
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debt ceiling is not raised later this month. the u.s. government collects enough in taxes each month to finance interest on the debt." again, i'm not trying to trivialize this scenario, but i do think it is important to talk precisely about we are -- about what we are talking about. i don't think it is accurate to talk about if we default next week. i don't think there's any need, any chance of defaulting next week. does anybody disagree with that, defaulting on payments on government securities? >> senator, i agree with you. however, let me tell you what is happening at the street level. the confidence of our buyers and sellers is waning very rapidly. we have transactions canceling right now. we have people not being able to get loans. we can't get beyond where we are at. it is going to go backwards very fast. yes, you could probably mechanically do all of this, but the confidence of the american people is going to be really in the toilet. i'm sorry. >> mr. thomas, let me pick up on another comment of yours. in your testimony,
debt ceiling is not raised later this month. the u.s. government collects enough in taxes each month to finance interest on the debt." again, i'm not trying to trivialize this scenario, but i do think it is important to talk precisely about we are -- about what we are talking about. i don't think it is accurate to talk about if we default next week. i don't think there's any need, any chance of defaulting next week. does anybody disagree with that, defaulting on payments on government...
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Jan 21, 2013
01/13
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ceiling, let you raise the debt ceiling and violate the things we promised we wouldn't do to the people that elected us. in return, you guys, senate democrats come up with a budget and you haven't passed one in 1300 some days. chuck schumer says i'll make a deal and take you up on the offer guess what, in the new budget we're going to tax more, tax all you people to agreed to the deal that they just came to january 1st, that deal is done we'll keep that and give another, another bite of at that apple. stuart: this is a financial issue. it's a budget issue, so they need a straight up or down vote in the senate and the democrats have a majority in the senate, but i'll put it to you, a couple of democrats there, who are going to say we're not all for more and more and more taxes because we know what it's going to do to the economy. it's not a done deal, is it? they're pushing for it, but it ain't done. >> listen, harry reid, remember when john boehner was going to bring the vote to the house and he didn't have the votes after he'd said i'm going to bring the vote to the house. i have a sus
ceiling, let you raise the debt ceiling and violate the things we promised we wouldn't do to the people that elected us. in return, you guys, senate democrats come up with a budget and you haven't passed one in 1300 some days. chuck schumer says i'll make a deal and take you up on the offer guess what, in the new budget we're going to tax more, tax all you people to agreed to the deal that they just came to january 1st, that deal is done we'll keep that and give another, another bite of at that...
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Oct 29, 2013
10/13
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first schumer obama would raise the debt ceiling permanently. i reject that idea entirely. second, unlike schumer obama either the increases the debt ceiling should be accompanied at reforms. that's just what we did in 2011 when congress raised the debt ceiling and returned before enacting $2 trillion in bipartisan spending control. the spending control the president campaigned on last year it endlessly. that's the real mcconnell plan. at the senator from new york is interested in working with me to enact another $2 trillion in bipartisan cuts, then let's get down to that brass tacks. the american people would love to see us working on a bipartisan way to actually help them. but if he insists on pushing the schumer obama plan come he's not going to find any dance partners on the side of the aisle because handing the president a permanent blank check increasing the size of government and try to overturn the most significant accomplishment of the obama years am and that's just a nonstarter. our debt is a serious problem. i know kentuckians think so. but americans across the c
first schumer obama would raise the debt ceiling permanently. i reject that idea entirely. second, unlike schumer obama either the increases the debt ceiling should be accompanied at reforms. that's just what we did in 2011 when congress raised the debt ceiling and returned before enacting $2 trillion in bipartisan spending control. the spending control the president campaigned on last year it endlessly. that's the real mcconnell plan. at the senator from new york is interested in working with...
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Jan 15, 2013
01/13
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the debt ceiling or raise the debt ceiling themselves there's no simpler ready solution other than that, that have some people believing he's telegraphing, i'm telling you, it's simplest for you to do it, but i'm willing to do the more complicated route. >> i'm not sure that's right. i think a lot of people are on the left, including nancy pelosi who are wanting-- or invoking the 14th amendment and they're looking at cues he might do that. and i think the cues saying he won't are stronger, jay carney said from the podium, the 14th moment saying it won't work. >> megyn: and telling our viewers, that the democrats, some believe that's a unilateral way that the president could bypass authority that is clearly with the congress, the congress is the only one allowed to raise the debt limit and the president could have some constitutional requirement to do it. >> you're he the lawyer, but my reading of the 14th amendment is that congress shall do this. >> megyn: even the president said i talked to my lawyers about that one and they didn't think it was a good idea. >> right, the president can'
the debt ceiling or raise the debt ceiling themselves there's no simpler ready solution other than that, that have some people believing he's telegraphing, i'm telling you, it's simplest for you to do it, but i'm willing to do the more complicated route. >> i'm not sure that's right. i think a lot of people are on the left, including nancy pelosi who are wanting-- or invoking the 14th amendment and they're looking at cues he might do that. and i think the cues saying he won't are...
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Jan 15, 2013
01/13
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debt last august after the debt ceiling was raised amidst 11th hour suspense. it was blamed on bringmanship to use the debt creeling to get spending cuts. s&p did cite the melodrama as part of the reason but placed emphasis on the view that the debt ceiling deal fall short in what our view would be necessary to stabilize the government median term debt dynamics. translation, the debt ceiling deal didn't do enough about the debt itself. so keep this in mind when you hear it said,be with great certainty it's the republicans trying to force spending cuts over endangering the nation credit rating. as will rogers quoted once, "it isn'tbe what we don't know that gives us trouble. it's what we know that ain't so." bret? >> bret: the president has effectively turned the messaging around. by saying it's about paying the bills that congress has already passed. the laws that it's already passed. republicans are saying it's about borrowing authority. essentially running up the country's credit card. >> exactly. what the republicans are saying is look, we maxed out the cred
debt last august after the debt ceiling was raised amidst 11th hour suspense. it was blamed on bringmanship to use the debt creeling to get spending cuts. s&p did cite the melodrama as part of the reason but placed emphasis on the view that the debt ceiling deal fall short in what our view would be necessary to stabilize the government median term debt dynamics. translation, the debt ceiling deal didn't do enough about the debt itself. so keep this in mind when you hear it said,be with...
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Jan 15, 2013
01/13
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the fitch rating agency raised a new warning, that a failure to raise the debt ceiling could lead to a downgrade. that could deal a major blow to the economy, maybe even send us into recession. >> we might not be able to pay our troops or pay the contractors, specialists who track down loose nuclear materials wouldn't get their paychecks. >> richard lui is here with the drill down. >> chris, assen december p 1st, the united states could not borrow any more money. it could pay its bills because of certainly accounting work-arounds, but those could stop working in 30 days, says the bipartisan mold center. at that point there's only enough incoming cash to pay 60% of its bills. therefore because of this proportion over here, some tough questions emerge. if social security recipients and veterans are paid, the department of education may not or troops could be left empty-handed. these scenarios scare credit agencies, as you were just mentioning, that determine how much of it costs to borrow money. at risk, the reputation of being the safist investment haven in the world, not to mention t
the fitch rating agency raised a new warning, that a failure to raise the debt ceiling could lead to a downgrade. that could deal a major blow to the economy, maybe even send us into recession. >> we might not be able to pay our troops or pay the contractors, specialists who track down loose nuclear materials wouldn't get their paychecks. >> richard lui is here with the drill down. >> chris, assen december p 1st, the united states could not borrow any more money. it could pay...
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Oct 17, 2013
10/13
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CNNW
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tonight breaking news, the frantic last-minute deal to reopen the government and raise the debt ceiling with the deadline less than three hours ago, the senate voted to avoid a default and get federal agencies back running and back to work. the senate floor there says yes but will the gop controlled house say yes. if the house does approve it brings a temporary end to the crushing and bitter partisan battle that's taking a heavy toll across america. president obama spoke just a short time ago. listen. >> i want to thank the leaders of both parties for getting us to this point. once this agreement arrives on my desk, i will sign it immediately. we'll begin reopening our government immediately. >> more on that breaking news, the deal the president has been waiting for is now before the house. joining me is senior white house correspondent brianna keeler and dana bash. breanna, they are claiming it's not a great victory the white house but it is, isn't it? >> well, i think in washington terms it might be a victory in that president obama is less a loser than some of the other folks here, p
tonight breaking news, the frantic last-minute deal to reopen the government and raise the debt ceiling with the deadline less than three hours ago, the senate voted to avoid a default and get federal agencies back running and back to work. the senate floor there says yes but will the gop controlled house say yes. if the house does approve it brings a temporary end to the crushing and bitter partisan battle that's taking a heavy toll across america. president obama spoke just a short time ago....
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Jan 11, 2013
01/13
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my getting ready to rip up voter's card if the debt ceiling is raised without comparable spending cuts. the physical cliff was 41-1. i will not vote again in this country if it comes up to that. guest: do not give up on voting. is one thing -- that is one thing i beg you n
my getting ready to rip up voter's card if the debt ceiling is raised without comparable spending cuts. the physical cliff was 41-1. i will not vote again in this country if it comes up to that. guest: do not give up on voting. is one thing -- that is one thing i beg you n
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Jan 9, 2013
01/13
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the >> reporter: the battle over raising the debt ceiling, house democrats urge president obama to use authority the white house believes he does not have. >> congress has the responsibility and sole authority to raise debt ceiling. >> 20 house democrats sent a letter to the president about house republicans withholding support without the spending cuts and they won in the event they follow through on this reckless threat we support the use of 14th amendment. the 14th amendment says the validity of the public debt shall not be questioned. leader of the house democrats urged the white house to ignore congress in this case. >> i would do in a second. i'm not the president of the united states. >> the house republican leadership aide says democrats refuse to responsibly address the spending problem and rather than offer solutions they choose to advocate their responsibility. speaker boehner and the house g.o.p. leadership team said the debt limit must be accompanied by reform in greater amount. >> we need spending cut and real tax reform to address the long-term debt problem and pave the
the >> reporter: the battle over raising the debt ceiling, house democrats urge president obama to use authority the white house believes he does not have. >> congress has the responsibility and sole authority to raise debt ceiling. >> 20 house democrats sent a letter to the president about house republicans withholding support without the spending cuts and they won in the event they follow through on this reckless threat we support the use of 14th amendment. the 14th...